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We study the emergence and coexistence of monetary and credit transactions in a model where exchange is decentralized. Agents belong to different villages which are informationally separated. The frequency of meetings between any two different villages decreases as their respective geographic...
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In recent years it has become possible to collect GPS data from drivers and to incorporate these data into automobile insurance pricing for the driver. These data are continuously collected and processed nightly into metadata consisting of mileage and time summaries of each discrete trip taken,...
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